Choose a Financial Planner

Choose a Financial Planner

We are committed to helping you find the best financial planner for your circumstances and personality. We suggest you ask any prospective financial planner seven questions before deciding whether they are right for you.

1. Could I have a copy of your Financial Services Guide (FSG)?
The FSG is a document that all licensed planners must provide. It details information about the planner including how they are paid.

2. What is your approach to financial planning?
Find out what kind of clients the planner usually deals with. For example, some planners may concentrate on retirement planning while other many only deal with high net worth clients.

3. How much do you usually charge?
Get an estimate of possible costs. Some planners charge an hourly rate or flat fee while others may receive payment through commissions on the products they provide. This should also be explained in their FSG.

4. What do I need to know about risk?
Any investment involves some risk. Usually, the higher the potential for returns, the higher the level of risk. Your financial planner should determine the level of risk you are prepared to take before recommending any investments.

5. Can I have a written statement of advice?
You should ask for a written plan or Statement of Advice from your financial planner before agreeing to any investments. It should include the reasons why they are recommending the investments.

6. Will my financial plan change as my circumstances and needs change?
As your circumstances and goals change, your financial plan should also change. Your financial planner should help you regularly review your plan to ensure that you remain on track to achieve your goals.

7. How do you resolve any issues or dispute that may arise?
You should establish what happens if you don't accept your financial planner's advice and at what stage you can terminate their services.